Exterior Car Accessories Market 2017 – 2024| Thule Group,HELLA KGaA Hueck & Co.,Oakmore Pty Ltd.,Lund International,Covercraft Industries,Classic Soft Trim,CAR MATE MFG.CO.,LTD.,Pep Boys,O'Reilly Auto Parts,U.S. Auto Parts Network, Inc.,H.I Motors

Customer across the global are showing interest towards changing the look of the car and making it more stylish. The exterior car accessories are most likely preferred for comfort, convenience, utility, protection, and aesthetics. However, nowadays, high speed and performance are also among the top priorities for customers buying exterior car accessories. Exterior car accessories are finding increased demand for passenger cars. However, availability of low-quality accessories and counterfeit products in the market are restricting the growth of the global exterior car accessories market. Manufacturers are also focusing on developing smart exterior car accessories with sensors. These smart products are providing protection and are also enhancing the performance of the vehicle. Technological advancements in the exterior car accessories business are presenting new growth opportunities in the coming years.

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Customers are also moving towards customization of a car which is driving the demand for exterior car accessories. However, the high cost of the car accessories is hampering the market growth, especially in the developing nations. Meanwhile, significant growth observed in the automotive industry is fueling the demand for exterior car accessories. In order to remain competitive in the market, the companies are considering cost as an important factor. Moreover, companies are also offering heavy discounts and exchange offers on the exterior car accessories.

The report by Persistence Market Research expects the global exterior car accessories market to experience a healthy growth throughout the forecast period. Towards 2024 end, the global market for exterior car accessories is expected to bring in US$ 253,073.8 Million revenue.

Exterior Car Accessories to Gain Maximum Traction in Passenger Cars

Compared to the pickup trucks, exterior car accessories are expected to witness the highest demand from passenger car segment. Passenger cars including compact cars, mid-size cars, premium cars and luxury cars will demand exterior car accessories on a large scale. However, premium cars are likely to use exterior car accessories on a large scale compared to other types of passenger vehicles. Alloy wheels, LED lights, and body kits including spoilers, taillight guards, bumpers, rocker panels, runner bars and steps are witnessing increased demand by the car owners.

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Increase in the sales of cars globally and growing interest in the concept of vehicle customization are driving the global exterior car accessories market. However, the latest trend of car customization is likely to remain one of the key factors in the growing demand for exterior car accessories. Need for speed and performance is also pushing the market for car accessories that support high performance. The most common exterior car accessories include mud guard, car wrap, taillight, reflectors, window films, fog lamp covers, sun roof, license plate cover, LED lights, bugflectors, decals, and others. Car owners are also moving towards personalization trend to enhance the look and overall style of the car.

The biggest challenge in the global market for exterior car accessories is the availability of counterfeit products that are sold at relatively low cost. These products are designed in such a way that it becomes difficult to differentiate between original and counterfeit product. However, regulatory bodies are introducing some guidelines that can help in differentiating between the counterfeit and original accessories for cars. Cost competitiveness is also likely to hamper the growth of the market in the near future. Meanwhile, the automotive industry is constantly coming up with innovative technologies such as smart lighting technology, active window display, biometric access, etc.

According to the report by Persistence Market Research (PMR), the global market for exterior car accessories is likely to see a robust growth during 2017-2024. The global market is also projected to bring in more than US$ 253,000 Million revenue by the end of 2024.

LED Lights to Gain Maximum Traction in the Global Market for Exterior Car Accessories

On the basis of product type, LED lights are likely to emerge as one of the most preferred exterior car accessory during 2017-2024. LED lights are estimated to surpass US$ 76,000 Million revenue. Meanwhile, body kits are also expected to witness substantial growth during the forecast period.

Based on the vehicle type, passenger cars are likely to emerge as the largest users of exterior car accessories during 2017-2024. Passenger cars are projected to be valued at more than US$ 191,000 Million revenue towards the end of 2024.

By the distribution channel, sales of exterior car accessories are likely to be highest through aftermarket distribution channel. By the end of 2024, aftermarket distribution channel is estimated to surpass US$ 182,000 Million revenue.

Europe to Dominate the Global Exterior Car Accessories Market

Europe is likely to remain dominant in the global market for exterior car accessories during 2017-2024. Europe is anticipated to exceed US$ 102,000 Million in terms of revenue. Countries in Europe such as Germany and U.K. are the major countries in the automotive industry. With increasing production and demand for cars in Europe, the market for exterior car accessories is also witnessing a growth. Meanwhile, increasing demand for car modification in North America is also likely to boost the global market for exterior car accessories in the region.

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Table of Content

1. Executive Summary

2. Market Taxonomy

3. Global Exterior Car Accessories Market Scenario
3.1. Pricing Analysis
3.2. Global Exterior Car Accessories Market Scenario Forecast (Value)
3.3. Market Size (US$ Mn) and Forecast
3.3.1. Absolute $ Opportunity
3.4. Market Overview
3.4.1. Value Chain
3.4.2. Profit Margin Analysis
3.4.3. List of Exterior Car Accessories Manufacturers & Suppliers
3.4.4. Consumer Spending Analysis

4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3 Forecast Factors – Relevance and Impact

5. Global Exterior Car Accessories Market Analysis and Forecast, By Product Type
5.1. Global Exterior Car Accessories Market Summary, By Product Type
5.2. Market Size (US$ Mn) and Volume ('000) Forecast By Product Type
5.2.1. Covers
5.2.1.1 Car Body Covers
5.2.1.2 Tire Covers
5.2.1.3 Tonneau Covers
5.2.2 Racks
5.2.2.1 Bike Racks
5.2.2.2 Roof Racks
5.2.2.3 Cargo Racks
5.2.3 Body Kits
5.2.3.1 Rocker Panels
5.2.3.2 Spoilers
5.2.3.3 Fender Flares
5.2.3.4 Runner Bars & Steps
5.2.3.5 Soft Tops & Hard Tops
5.2.3.6 Bumpers
5.2.3.7 Bull Bars
5.2.3.8 Tail Light Guards
5.2.3.9 Window Deflectors
5.2.4 LED Lights
5.2.5 Alloy Wheels
5.2.6 Chrome Accessories
5.2.7 Exhaust Mufflers
5.2.8 Window Films
5.2.9 License Plate Frames
5.2.10 Graphics & Reflectors
5.3. Market Attractiveness Analysis By Product Type

6. Global Exterior Car Accessories Market Analysis and Forecast, By Vehicle Type
6.1. Global Exterior Car Accessories Market Summary, By Vehicle Type
6.1.1. Basis Point Share (BPS) Analysis By Vehicle Type
6.2. Market Size (US$ Mn) and Volume ('000) Forecast By Vehicle Type
6.2.1. Passenger Cars
6.2.1.1 Compact PC
6.2.1.2 Mid-size PC
6.2.1.3 Premium PC
6.2.1.4 Luxury PC
6.2.2. Pickup Trucks
6.3. Market Attractiveness Analysis By Vehicle Type

7. Global Exterior Car Accessories Market Analysis and Forecast, By Distribution Channel
7.1. Global Exterior Car Accessories Market Summary, By Distribution Channel
7.1.1. Basis Point Share (BPS) Analysis By Distribution Channel
7.2. Market Size (US$ Mn) and Volume ('000) Forecast By Distribution Channel
7.2.1. OEM
7.2.2. Aftermarket
7.3. Market Attractiveness Analysis By Distribution Channel

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